GrowGeneration Corp

GrowGeneration Corp. engages in the retail of hydroponic and organic specialty gardening products. It offers lighting fixtures, nutrients, seeds and growing media systems, trays, fans, filters, humidifiers and dehumidifiers, timers, instruments, water pumps, irrigation supplies, and hand tools. The company was founded by Darren Lampert and Michael Salaman on March 6, 2014 and is headquartered in Greenwood Village, CO.

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GrowGeneration Corp reports sequential revenue growth and margin normalization

GrowGeneration Corp's Q4 2022 performance showed sequential revenue growth and gross margin normalization. The company is focused on cost control, cash generation, and maintaining a strong balance sheet.
Strengths include investments in store expansion, product portfolio enhancement, and private label penetration growth. Challenges include market dynamics in California and the need for same-store sales growth.
Opportunities lie in private label growth, equipment refresh cycles, and capitalizing on industry trends. The company is optimistic about 2023 and aims to right-size the business for future growth.

GrowGeneration Corp reports solid Q1 performance and eyes growth opportunities

GrowGeneration Corp's Q1 performance showed solid revenue, margin, and cash position, with a focus on profitability and growth initiatives. The company is optimistic about future growth but cautious about near-term uncertainties.
Strengths lie in financial stability, strategic focus on margin expansion, and commitment to long-term profitability. Challenges include weather impacts and managing costs effectively.
Opportunities include geographic expansion, increased commercial projects, and legislative developments, aligning with the company's growth strategy and market positioning.

GrowGeneration Corp reports Q2 revenue growth amidst industry challenges

GrowGeneration Corp's Q2 performance showed revenue growth but also highlighted challenges in the cannabis industry and store closures in weak markets. Despite facing headwinds, the company remains focused on profitability, inventory management, and strategic expansion.

GrowGeneration Corp reports Q3 revenue decline, eyes federal reform impact

GrowGeneration Corp navigated challenges in Q3 2023 with a focus on profitability, margin expansion, and strategic store consolidations.
Optimism surrounds future growth, driven by private label products, potential federal reform impacts, and a strong financial position.
Inventory management and product mix enhancements position the company for improved efficiency and growth in the coming quarters.
Despite short-term challenges, GrowGen's strategic initiatives and readiness for market changes indicate a resilient and forward-looking approach.

GrowGeneration Corp beats revenue targets, eyes profitability and expansion

GrowGeneration Corp (GRWG) exceeded revenue guidance in 2023 and started 2024 strong. Focus on profitability and brand expansion for 2024.
Cost optimization efforts and new segmentation into key segments. Positive outlook despite industry challenges and store closures impact.
Opportunities for revenue growth, margin improvement, and strategic acquisitions. Company remains conservative in cash use and optimistic about growth.
Gross margin benefited from private label products and partnerships. Balance sheet strength to be maintained with potential for strategic opportunities.

GrowGeneration Corp reports revenue growth and margin expansion strategies

GrowGeneration Corp showed revenue growth and positive same-store sales comp in Q1 2024.
The company is strategically focusing on margin expansion, brand portfolio expansion, and profitability.
While facing challenges in certain geographies and financial losses, opportunities lie in proprietary brands and market expansions.
Continued investments in B2B portals and customer credit offerings highlight a commitment to growth and customer relationships.

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GrowGeneration Corp. engages in the development, marketing, retail, and distribution of hydroponic products and services. It operates through the following segments: Cultivating and Gardening, Storage Solutions, and Corporate. The Cultivating and Gardening segment includes hydroponic and organic gardening business. The Storage Solutions segment involves benching and racking. The company was founded by Darren Lampert and Michael S. Salaman on March 6, 2014 and is headquartered in Greenwood Village, CO.

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DENVER--( BUSINESS WIRE )--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or “the Company”), the largest chain of specialty hydroponic and organic garden centers in the United States, today announced the opening of the Company's newest store in Mount Holly, New Jersey on November 21, 2022.

GrowGeneration Announces 60th Location, Mount Holly, New Jersey Store Opening

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DENVER--( BUSINESS WIRE )--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or “the Company”), the largest chain of specialty hydroponic and organic garden centers in the United States, today announced that the Company has entered into a premium partnership with Grodan, an industry-leading producer of stone wool growing media solutions for a wide variety of hydroponics operations. GrowGen is now a Platinum Certified dealer of Grodan products, the first in the country. This enhanced partnership will elevate GrowGen's market position and allow Grodan products to be sold to more customers at competitive pricing.

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DENVER--( BUSINESS WIRE )--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or “the Company”), the largest chain of specialty hydroponic and organic garden centers in the United States, today announced that the Company will be participating in the 11th annual Marijuana Business Conference and Cannabis Expo (“MJBizCon”), taking place at the Las Vegas Convention Center from Wednesday, November 16, 2022 through Friday, November 18, 2022.

GrowGeneration Announces Participation in the 11th Annual MJBizCon Expo in Las Vegas

The mean of analysts' price targets for GrowGeneration (GRWG) points to a 48.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Believe GrowGeneration (GRWG) Could Rally 48%: Here's is How to Trade

DENVER--(BUSINESS WIRE)--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or “the Company”), the largest chain of specialty hydroponic and organic garden centers in the United States, today announced the acquisition of St. Louis Hydroponic Company, one of the leading hydroponic retail stores in St. Louis, Missouri.

GrowGeneration Acquires St. Louis Hydroponic Company

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GrowGeneration Corp (NASDAQ:GRWG ) Q3 2022 Earnings Conference Call November 7, 2022 5:00 PM ET Company Participants Clay Crumbliss - ICR Darren Lampert - Co-Founder, CEO & Director Greg Sanders - CFO Conference Call Participants Brian Nagel - Oppenheimer Remington Smith - Alliance Global Partners Connor Jensen - Lake Street Capital Markets William Carter - Stifel, Nicolaus & Company Eric Des Lauriers - Craig-Hallum Scott Fortune - ROTH Capital Partners Operator Hello, and welcome to the GrowGeneration's Third Quarter 2022 Earnings Conference Call. My name is Keith.

GrowGeneration Corp (GRWG) Q3 2022 Earnings Call Transcript

DENVER--(BUSINESS WIRE)--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the largest chain of specialty hydroponic and organic garden centers with 58 locations across 15 states, today reported financial results for the third quarter ended September 30, 2022.

GrowGeneration Reports Third Quarter 2022 Financial Results

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DENVER--(BUSINESS WIRE)--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the largest chain of specialty hydroponic and organic garden centers with 58 locations across 14 states, today announced it will release its financial results for the third quarter ended September 30, 2022 on Monday, November 7, 2022 after the market close.

GrowGeneration Schedules Third Quarter 2022 Earnings Release and Conference Call for November 7, 2022

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GrowGeneration has fallen over 90% since all-time highs. After growing revenues at a triple-digit pace in 2021, GrowGeneration revenues are expected to decline by 35% this year.

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News for GrowGeneration Corp Stock (GRWG)